Extension of Time and Good Faith!
This afternoon the IRS issued Notice 2018-94 which extends the due dates for certain 2018 information reporting requirements for insurers, self-insuring employers, and certain other providers of minimum essential coverage under section 6055 and for applicable large employers under section 6056.
Specifically, this notice extends:
- the due date for furnishing to individuals the 2018 Form 1095-B, Health Coverage, and the 2018 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from January 31, 2019, to March 4, 2019.
- transitional good-faith relief from section 6721 and 6722 penalties to the 2018 information reporting requirements under sections 6055 and 6056.
You can read the full release here: Notice 2018-94
If you are experiencing relief with Relph Benefit Advisors preparing and filing your ACA reporting, it will be our intent to continue the completion date deadline of January 31, 2019.